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2/15/20

[Answer] Which of the following accounts would not be adjusting journal entries?

Answer: Cash




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Which of the following accounts would not be adjusting journal entries? An unadjusted trial balance is prepared by companies that make adjusting entries while an adjusted trial balance is prepared by companies that do not make adjusting entries. C . An unadjusted trial balance is prepared before the adjusting entries have been made while an adjusted trial balance is prepared after the adjusting entries have been made. Which of the following is NOT true involving adjusting journal entries? A. Adjusting journal entries never involve cash. B . Records the effects of each period's adjustments in a debit-equals-credit format. C . Adjustments are made on a daily basis. D. Adjustments are made at the end of each period. Tue Dec 18 2018 · The use of adjusting journal entries is a key part of the period closing processing as noted in the accounting cycle where a preliminary trial balance is converted into a final trial balance. It is usually not possible to create financial statements that are fully in compliance with accounting standards without the use of adjusting entries . This guide to adjusting entries covers deferred revenue deferred expenses accrued expenses accrued revenues and other adjusting journal entries examples. Adjusting entries are required at the end of each fiscal period to align the revenues and expenses to the “right” period in accord with the matching principle in accounting. Note: Not all end of the accounting period entries are adjusting entries . For example entry for some purchases or sales made on the last day of the accounting period is a basic purchase-sales j...

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